Northern Trust Corporation reported second-quarter 2026 total revenue of $2.7 billion, a 35% increase on a reported basis or 13% excluding notable items, driven by robust trust fee growth and higher net interest income. Diluted earnings per share rose to $4.23 from $2.13 a year earlier, reflecting a $525.4 million pre-tax gain from the Visa Class B common stock exchange offer. The company raised its full-year revenue growth guidance to 9% to 10% from a mid-single-digit estimate and now expects net interest income to grow 9% to 10%, up from a prior forecast of mid to high single digits. Assets under custody and administration reached $20.0 trillion, up 11% year over year, while assets under management climbed 16% to $2.0 trillion. The board approved a 10% increase in the quarterly dividend to $0.88 per share, and the company returned $499.4 million to shareholders during the quarter through dividends and share repurchases.
Northern Trust CorporationStrong Q2 earnings, raised full-year revenue and NII guidance, and increased dividend.